After gapping down at the open the market slowly sold off into the afternoon and looked to be on the verge of its first 1%+ down day of the year until Greece rumors came through and caused a spike back to finish the day flat. For the details (and some humor) head on over to ZeroHedge. Intraday 1 min chart below courtesy of thinkorswim by TD Ameritrade.
Interesting fun fact today comes from last night’s SentimenTrader letter,
The S&P 500 has now gone 29 days without trading in negative territory for the year. That makes it the 14th-longest such feat since 1928.
Including today perhaps this is now the 13th longest run.
Other interesting piece comes from Zero Hedge (the main writer Tyler is a article producing machine, seriously), gas prices in January were at an all-time high. Considering the trend for the spring and into early summer is for prices to climb even higher I’d say it is not a bad time to be a hybrid owner!
With the flat close today I am only going to include an updated look at the S&P 500. I also have a chart of Priceline (PCLN) which yesterday broke out of a nearly one year base is boasting an ultra clean chart. Stay frosty out there.